After receiving an improved offer last week and taking a few more days to deliberate, two-time NBA Most Valuable Player Steve Nash notified the Phoenix Suns that he is accepting their two-year extension offer worth an estimated $22 million.

ESPN.com first reported the agreement earlier Monday and his agent, Bill Duffy, confirmed it to The Associated Press later in the day.

Sources told ESPN.com that Nash is expected to formally announce his decision via his Twitter feed later Monday.

Of course, this doesn't rule out that the Knicks will attempt to trade for him at the end of next season, but with a $11M a year price tag, I highly doubt it.

Maybe the Knicks have a Plan B for their point guard needs.

"So listen up boy, or pornography starring your mother will be the second worst thing that happens to you today."

Maybe Nash sees some hope that by staying, some other bigger talent would want to come. At the same time though, I am kind-of surprised because Nash is still good guard in the NBA which now-a-days is filled with talented guards. I will say I am some what surprised he didn't go to a team that would be a better playoff/ title contender than Phoenix.